Light-Filled Duplex with
New
For Sale
$995,000
519 Madison St, Denver, CO 80206
Finished interiors, outdoor spaces, and flexible lower-level rooms support comfortable residential use in Cherry Creek.
Property Size2,183 SF
Days on Market7
Property Features for 519 Madison St
General Information
Standard status
Active
Size
2,183 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,281
Amenities
hardwood floors
granite countertops
stainless steel appliances
private patio
balcony
five-piece bath
heated floors
jetted tub
walk-in closet
second ensuite bedroom
loft with skylights
walk-out lower level
built-in storage
workshop space
Building Details
Building Size
2,183 SF
Year Built
1996
Listing Agency:
Keller Williams Integrity Real Estate LLC
Listed By:
Caroline Turner
(720) 807-6531
Source:
Guidere
Added: Sep 21
Changed: Sep 26
Last Checked: Sep 26 at 1:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Integrity Real Estate LLC
Investment Insights
Based on property information with market context.
This 1996 duplex offers more than 2,200 square feet of finished living space across multiple levels. The main floor pairs hardwood flooring with an open kitchen featuring granite countertops and stainless steel appliances, while the adjoining living area opens to a private patio. The upper level includes a primary suite with a five-piece bath, heated floors, jetted tub, oversized shower, walk-in closet, and west-facing balcony with mountain views. A second ensuite bedroom and loft with skylights add further flexibility. The walk-out lower level provides finished space connected to another private patio and can accommodate office, fitness, or flex use. An oversized two-car garage includes built-in storage and workshop space.
The property is located on Madison St in Denver’s Cherry Creek neighborhood, with access to Cherry Creek North shopping and dining, neighborhood cafes, fitness studios, and everyday conveniences.
The property is located on Madison St in Denver’s Cherry Creek neighborhood, with access to Cherry Creek North shopping and dining, neighborhood cafes, fitness studios, and everyday conveniences.
Key Highlights
- More than 2,200 square feet of finished living space
- Primary suite with five‑piece bath, heated floors, jetted tub, and west‑facing balcony
- Second ensuite bedroom plus skylit upper‑level loft
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,278
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$725,560
$725.6K
Cap Rate 7%
$518,257
$518.3K
Cap Rate 9%
$403,089
$403.1K
Market Conditions
NOI Build-Up for 2,183 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.0K $25.20/SF
− Vacancy
−$3.2K −$1.46/SF
EGI
$51.8K $23.74/SF
− OpEx
−$15.5K −$7.12/SF
NOI
$36.3K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$725,560
Cap Rate 7%
$518,257
Cap Rate 9%
$403,089
Alternative Uses
Best Use
Multifamily LT 5
$518.3K
$453.5K – $604.6K
NOI $36,278 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$473.5K
$414.3K – $552.4K
NOI $33,146 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$694.9K
$608.1K – $810.8K
NOI $48,645 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Finished interiors, outdoor spaces, and flexible lower-level rooms support comfortable residential use in Cherry Creek.
Where is this duplex located?
The property is located at 519 Madison St Denver, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: More than 2,200 square feet of finished living space; Primary suite with five‑piece bath, heated floors, jetted tub, and west‑facing balcony; Second ensuite bedroom plus skylit upper‑level loft
